QUILTS OF HONOR AMERICA (EIN 261291458) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

Gail Belmont

Phone

2097722686

Tax Period

2024-01-01 to 2024-12-31

QUILTS OF HONOR AMERICA, founded in 2010, is a small nonprofit in the Human Services sector that reported $139K in total revenue in fiscal year 2024. The organization ran a surplus of $27K, a strong 19% operating margin.

Mission

THE ORGANIZATION PRIMARY PURPOSE IS TO CREATE HANDCRAFTED INDIVIDUALIZED QUILTS TO BE PRESENTED AS GIFTS TO MILITARY PERSONNEL IN RECOGNITION FOR THEIR SERVICE TO OUR COUNTRY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $138,699

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $138,706

Expense Breakdown

Grants Paid $370

Salaries & Benefits $0

Fundraising Expenses $13,121

Program Expenses $73,944

Other Expenses $111,725

TOTAL EXPENSES $112,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,706	$131,216	+0.1%
Expenses	$112,095	$117,918	0.0%
Net Income	$26,611	$13,298	+1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

700

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA PADILLA	TRUSTEE	25.00	Director	$0	$0	$0
CARL COURTNEY	VICE CHAIRMAN	20.00	Director	$0	$0	$0
LOU DOMONDEN	CHAIRMAN	5.00	Director	$0	$0	$0
GAIL BELMONT	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
RUSSELL BELMONT	TRUSTEE	3.00	Director	$0	$0	$0
FLORA BROOKS	SECRETARY	30.00	Officer	$0	$0	$0
DEBORAH ANDERSON	TREASURER	20.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$138,706	$112,095	$155,164	$26,611
2023	$131,216	$117,918	$128,554	$13,298
2022	$132,738	$124,974	$144,503	$7,764
2021	$86,331	$110,408	$140,243	$-24,077
2020	$82,899	$99,585	$137,761	$-16,686
2019	$106,918	$107,643	$158,037	$-725

QUILTS OF HONOR AMERICA